Transition state theory is a concept in chemical kinetics that describes the high-energy state during a chemical reaction where reactants transform into products. This theory emphasizes the existence of a transition state, or activated complex, which is a temporary arrangement of atoms that forms during the reaction and represents the peak of the energy barrier that must be overcome for the reaction to proceed. Understanding this concept is crucial for studying protein dynamics and conformational changes, as these processes often involve alterations in energy states and structural configurations.